The Globe and Mail reports in its Saturday edition that Ottawa is planning to shift the supervision of banks' efforts to fight financial crime from Canada's anti-money-laundering watchdog to the federal banking regulator. The Globe's Alexandra Posadzki writes that federal government announced its plan to transfer that oversight role from FinTRAC to the Office of the Superintendent of Financial Institutions, or OSFI, in the federal budget released on Thursday. Supervising financial institutions' compliance with anti-money-laundering and anti-terrorist-financing rules aligns with OSFI's objective of bolstering public confidence in the financial system. The proposal follows the publication of a report late last month by the federal Auditor-General, which found delays in FinTRAC's production of financial intelligence. The feds have been expanding FinTRAC's scope in recent years, bringing additional sectors such as mortgage brokers and title insurers under the watchdog's purview. The proposed change only applies to federally regulated institutions, not securities dealers, provincially regulated credit unions or trust companies. That means there would be two anti-money-laundering supervisors in the financial sector.